Commentary

Bitmain – What’s Happening to the Billion Dollar IPO?

For the first three quarters of 2018, investors and analysts speculated about when, then if, Bitmain would go public. During a pre-IPO private fund raising, reports leaked out that Bitmain was valuing itself at $15 billion or maybe even $18 billion. During the third quarter bitcoin, which drives industry development, traded at around $6,500, shooting up briefly to the $8,000 range.

Those summer 2018 bitcoin prices were $3,000 higher than current ones. Is it any surprise that Bitmain’s IPO may not launch after all?

Introducing Bitmain

In preparing for its IPO, Bitmain, a Chinese bitcoin-mining services firm, has provided detailed insights into its operations. As one of the largest business entities in the industry and occupying as it does a central position in the industrial...

10 Years of PHLX @ Nasdaq

The oldest stock exchange in the United States hit another milestone - the Philadelphia Stock Exchange (PHLX) celebrated its 10-year anniversary as a part of the Nasdaq family on July 24. While the ‘07-’08 timeframe is best remembered in...

The Spread – Playing Ketchup – 7/19

"Summer breeze, make me feel fine." - Seals & Croft  As there was not an installment of “The Spread” last week, we added a brief lightning round to the end of this week’s options news recap. This week’s episode also features celebrity...

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Duffy reigns as CME rises

Duffy reigns as CME rises

Get a FREE 90 day trial of John Lothian Newsletter First Read Hits & Takes JLN Staff Today is Martin Luther King, Jr. Day in the US. It is a holiday where we celebrate the life, message and mission of the peacemaker who gave us all a great...

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